• On 21 February 2018, the Supervisory Board of Towarowa Giełda Energii S.A. appointed Piotr Listwoń as Vice-President of the Management Board.

• The change in the composition of the TGE’s Management Board as a result of the appointment of Piotr Listwoń will come into force subject to an approval from the Polish Financial Supervision Authority.

Piotr Listwoń has been with the TGE Group since 2008, first as an employee of the Trading Department, and later as a member of the team whose task was to set up the operating activities of the clearing house for the exchange. In the years 2010-2014, he was Deputy Director of the Clearing and Settlement Department in the Warsaw Commodity Clearing House (IRGiT) and since 2014 he worked as Department Director leading, among other things, the efforts related to the implementation of a new financial clearing model based on the cooperation of the House with the National Clearing House (KIR) and major banks in Poland in handling payments resulting from cleared transactions. Since 2013, he has been acting as International Relations Development Director in the WCCH.

Piotr Listwoń graduated from the Faculty of Strategic Management of the Polish Open University (POU/Oxford Brookes University) where he also obtained an MBA degree. He has extensive experience and knowledge of trading, clearing of commodity forward markets, financial instruments market and clearing of market coupling transactions. Since 2011, he has represented WCCH in the association of European clearing houses CCP - EACH.